Author Archives: Rick Pendergraft

Repatriation Rate and Uses Becoming Clearer

I have written a couple of articles about the new tax bill and how the success of the bill will depend greatly on how much cash is repatriated and how the cash is then used once it is brought back to the United States. Thanks to a few announcements and a survey, we are starting to get an idea of ...

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Energy Sub-sector Returns Vastly Different In Oil Rally

Oil prices hit a temporary low on August 30 of last year and have rallied considerably since that low with West Texas Intermediate Crude surpassing the $60 a barrel price for the first time since June ’15. Oil has even formed a trendline that connects the lows from the last four months. Unfortunately the rally has put oil in overbought ...

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Bullish Run for Retail Sector May Have Run Its Course

The retail sector has been the hottest sector over the last two months. The SPDR S&P Retail ETF (NYSE: XRT) has gained 15.66 percent since the beginning of November and that is nearly double the gains from the consumer staples sector and the consumer discretionary sector which have both gained right around eight percent. Unfortunately the rally in the XRT ...

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Possible Unintended Consequences of the Tax Bill: A Strong Dollar, Rising Interest Rates, Inflation

While Republicans were celebrating the passing and signing of the tax bill last week, many others were concerned about possible consequences of the tax cuts. One unintended consequence that could negate some of the possible economic gains is a stronger dollar. Part of the tax bill that is supposed to boost economic activity via corporate spending is the one-time tax ...

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Three Stocks To Buy For 2018

As we head in to 2018, I wanted to share three stocks that I have been researching and find to be very attractive at this time. The stocks were evaluated from all three analysis styles and were selected because they are fundamentally sound, the technical performance has been strong and they don’t have overly optimistic sentiment toward them.   TAL ...

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Special Report: 2018 Sector Outlook

With only a few weeks of trading left before we close the books on 2017, we thought it would be of interest for our readers to look ahead to 2018 and evaluate each of the main sectors. Most of the domestic indices are at or near all-time highs and investor sentiment is reaching extremely optimistic levels. While the new highs ...

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Time To Play “What If” With The Fed Meeting

In what will be the final FOMC meeting for Fed Chairman Janet Yellen, the investment world is set for another 0.25 percent rate hike. The current probability based on the pricing of Fed Funds futures is at 90 percent. I would say that is about as certain as you can get. With that level of certainty, that leaves us with ...

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